The current crypto market shows a shift in dominance, with altcoins gaining momentum. The Altcoin Season Index, tracked by CoinMarketCap, is at 65, indicating an altcoin season. Previously, Bitcoin dominated the market, but now at least 75% of the top 100 coins have outperformed Bitcoin. Altcoins are surpassing Bitcoin, but not to the extent seen in previous altcoin surges. The market dynamics are changing, with altcoins gaining influence. The Altcoin Season Index reflects the market's volatility, with a recent powerful altcoin rally but quieter market conditions a month ago. Analysts note that altcoin seasons are often followed by a resurgence of Bitcoin. Bitcoin's dominance is below 60%, while altcoins continue to gain momentum. However, the market remains unpredictable, and caution is advised.
- Content Editor ( coinedition.com )
- 2024-12-14
Altcoin Season Strengthens as Bitcoin Dominance Slips Below 60%